LLCs

Companies have long registered in Delaware because of its favorable business environment. But Wyoming’s low tax rates, cryptocurrency industry and chancery court could be making them change course.

Those who work with Limited Liability Companies (LLC) and personal trusts in the state say there is nothing to worry about. That despite some recent news articles criticizing Wyoming’s laws which some say allow bad actors to hide money. The discussion took place during a meeting of the Legislature’s Joint Revenue Committee.

The Panama Papers data leak revealed that millionaires and others may be hiding assets in shell companies around the world. Wyoming’s secretary of state…